Filing Flows › Solventum (SOLV) › Q2 2026 › vs Q2 2025
Solventum (SOLV) Q2 2026 vs Q2 2025 (year over year)
Solventum's revenue rose $48.0M (+2%) from $2.2B in Q2 2025 to $2.2B in Q2 2026. The biggest changes: Product +$30.0M (+2%); Software and rentals +$18.0M (+4%). Gross margin 58.2% against 54.4% (+3.8 pts).
Solventum, Q2 2026: revenue $2.2B (+2% year over year), operating margin 8.2%, net earnings $92.0M, operating cash flow $227M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 58.2% | 54.4% | +3.8 pts |
| Operating margin | 8.2% | 9.9% | -1.7 pts |
| Net margin | 4.2% | 4.2% | +0.0 pts |
| Free cash flow margin | 6.5% | 2.7% | +3.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Product | $1.7B | $1.7B | $30.0M | +2% |
| Software and rentals | $511M | $493M | $18.0M | +4% |
| Revenue | $2.2B | $2.2B | $48.0M | +2% |
| Gross profit | $1.3B | $1.2B | $111M | +9% |
| Cost of revenue | $923M | $986M | −$63.0M | -6% |
| Operating profit | $181M | $214M | −$33.0M | -15% |
| Operating expenses | $1.1B | $961M | $144M | +15% |
| Pre-tax earnings | $107M | $103M | $4.0M | +4% |
| Other expense, net | $74.0M | $111M | −$37.0M | -33% |
| Research & development | $178M | $189M | −$11.0M | -6% |
| SG&A | $927M | $772M | $155M | +20% |
| Net earnings | $92.0M | $90.0M | $2.0M | +2% |
| Income tax | $15.0M | $13.0M | $2.0M | +15% |
| Depreciation & amortization | $133M | $122M | $11.0M | +9% |
| Share-based compensation | $38.0M | $34.0M | $4.0M | +12% |
| Working capital & other | $36.0M | $77.0M | −$41.0M | -53% |
| Operating cash flow | $227M | $169M | $58.0M | +34% |
| Free cash flow (company-reported) | $144M | $59.0M | $85.0M | +144% |
| Purchases of property, plant and equipment | $83.0M | $110M | −$27.0M | -25% |
Questions
How much did Solventum's revenue grow year over year in Q2 2026?
Solventum's revenue rose $48.0M (+2%) from $2.2B in Q2 2025 to $2.2B in Q2 2026.
What drove Solventum's revenue change in Q2 2026?
Product +$30.0M (+2%); Software and rentals +$18.0M (+4%).